Category list : Bailouts
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The Department of Health paid out £1.2bn in bailouts in 2014-15, to help more than 50 troubled NHS providers pay wages and creditors, replace aging equipment and cut deficits, HSJ analysis has found.
The Department of Health obliged some of the most seriously troubled hospitals in the NHS to receive their bailouts in the form of ‘loans’ last year, DH figures show.
FINANCE: Lewisham and Greenwich Trust received an £8.5m bailout of public dividend capital from the Department of Health to cover an unexpected deficit for the financial year 2014-15.
The Department of Health arranged at least £39m in extra ‘essential’ capital funding for foundation trusts where patient safety or ‘ongoing operations’ were at risk because of maintenance backlogs, HSJ can reveal.
Tariff fallout continues
A group of foundation trusts that received £188m in Department of Health bailouts this year has been told the funding will now be switched to loans, as part of a push for financially distressed organisations to ‘manage their finances better’, HSJ has learned.
Full scale of DH bailout of trusts revealedSubscription
One in four hospital trusts received bailout funding from the Department of Health last year, with several receiving financial aid worth more than 10 per cent of their turnover, HSJ analysis has found.
Hospital trusts needed financial help last year to fend off legal threats from suppliers, update “obsolete” medical equipment and even keep electricity supplies flowing, according to a raft of pleas for bailouts seen by HSJ.
Trusts bid for £376m in bailoutsSubscription
NHS trusts are hoping for bailouts totalling £376m this financial year, figures published by the NHS Trust Development Authority reveal.
West Middlesex asks for £7.6m bailout this yearSubscription
FINANCE: West Middlesex University Hospital Trust has asked for a £7.6m bailout this year, board papers reveal.